MAHINDRA & MAHINDRA LTD. | Integrated Annual Report 2022-23

411 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Part “A” Subsidiaries [as per section 2(87) of the Companies Act, 2013] (contd.) Rupees crores Sr. No. Name of Subsidiary The date since when subsidiary was acquired Reporting currency Exchange rate Share Capital Reserves & Surplus Total Assets Total Liabilities Investments Gross Turnover ^ Profit/(Loss) before Tax Provision for Tax Profit/ (Loss) after Tax Proposed Dividend and Tax thereon Proportion of ownership interest @ ## 43 Mahindra Homes Private Limited 30/03/2017 INR 1.00 0.88 218.05 443.45 224.52 3.04 16.10 0.23 (27.53) 27.76 — 37.63% 44 Mahindra Happinest Developers Limited 06/09/2017 INR 1.00 0.10 (32.44) 413.30 445.64 — 28.85 6.83 1.02 5.81 — 26.15% 45 Mahindra Knowledge Park Mohali Limited 07/05/2018 INR 1.00 * (1.25) * 1.25 — — * — * — 23.67% 46 Deep Mangal Developers Private Ltd 28/11/2017 INR 1.00 6.42 (1.08) 5.40 0.06 * * (0.25) — (0.25) — 51.28% 47 Moonshine Construction Private Ltd 28/11/2017 INR 1.00 * (0.33) * 0.33 — — (0.01) — (0.01) — 51.28% 48 Mahindra Holidays & Resorts India Limited 28/03/2000 INR 1.00 200.70 545.05 7,014.30 6,268.55 649.68 1,305.56 214.06 55.48 158.58 — 67.18% 49 Mahindra Hotels and Residences India Limited 26/04/2007 INR 1.00 0.05 (1.41) 20.33 21.69 — — (1.18) — (1.18) — 67.18% 50 Gables Promoters Private Limited 24/08/2012 INR 1.00 65.00 31.91 183.35 86.44 — 23.06 3.27 — 3.27 — 67.18% 51 Heritage Bird (M) Sdn. Bhd. 03/03/2008 MYR 18.65 0.56 0.35 8.31 7.40 — 1.34 0.54 0.17 0.37 — 67.18% 52 Infinity Hospitality Group Company Limited 05/11/2012 THB 2.41 36.17 (32.06) 48.38 44.27 — 6.80 (0.88) — (0.88) — 49.71% 53 MH Boutique Hospitality Limited 02/11/2012 THB 2.41 2.41 (4.72) 9.18 11.49 9.16 — (0.24) — (0.24) — 32.92% 54 MHR Holdings (Mauritius) Limited 11/07/2014 EUR 89.64 1.30 (71.52) 769.51 839.73 207.81 13.19 (10.36) — (10.36) — 67.18% 55 Covington S.a.r.l. 17/07/2014 EUR 89.64 0.12 178.87 737.75 558.76 608.51 2.10 (11.55) 0.05 (11.60) — 67.18% 56 Guestline Hospitality Management and Development Services Limited 02/12/2022 INR 1.00 0.03 5.10 5.39 0.26 — 0.09 0.08 0.01 0.07 — 66.10% 57 Mahindra Holidays & Resorts Harihareshwar Limited 23/08/2022 INR 1.00 0.05 (0.01) 0.05 0.01 — — (0.01) — (0.01) — 67.18% 58 Holiday Club Resort Oy 02/09/2015 EUR 89.64 107.20 190.34 972.25 674.71 23.86 1,067.88 (50.83) — (50.83) — 67.18% 59 Kiinteistö Oy Rauhan Liikekiinteistöt 1 (formerly known as Supermarket Capri Oy) 02/09/2015 EUR 89.64 0.90 18.14 69.11 50.07 — 7.34 (1.08) — (1.08) — 67.18% 60 Ownership Services Sweden Ab 02/09/2015 SEK 7.93 0.08 1.46 11.56 10.02 — — (0.01) — (0.01) — 67.18% 61 Are Villa 3 AB 26/01/2018 SEK 7.93 0.04 3.61 3.69 0.04 — — * — * — 67.18% 62 Holiday Club Sweden Ab Åre 02/09/2015 SEK 7.93 0.08 91.88 164.09 72.13 48.22 18.86 (3.64) — (3.64) — 67.18% 63 Holiday Club Sport and Spahotels AB 01/12/2015 SEK 7.93 0.79 34.51 80.33 45.03 — 130.25 15.98 — 15.98 — 67.18% 64 Holiday Club Resort Rus LLC # 02/09/2015 RUB 1.06 0.03 (4.55) 0.11 4.63 — 2.85 0.37 0.10 0.27 — 67.18% 65 Holiday Club Canarias Investments S.L.U. 02/09/2015 EUR 89.64 0.03 (0.01) 23.71 23.69 23.20 — (0.01) * (0.01) — 67.18%